Crude prices declined further on Thursday touching their lowest value in three months as concerns about the oil demand appeared to grow after the latest data showed that industrial production in the United States slowed more than expected in October. The Energy Information Administration previously revealed an oil inventory build-up in the United States, with the steep rise in crude inventories seemingly fueling worries about weakening commodity consumption in the country. The West Texas Intermediate (WTI) for December deliveries tumbled 5.04% to sell at $72.80 per barrel at 12:40 pm ET. Brent for January contracts plummeted 4.79% to trade at $77.25 a barrel. Both benchmarks dropped to their lowest levels not seen since mid-July. NN: In my opinion six months from now oil at these prices will be regarded as the bargain of the century